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Alamos Co. exchanged equipment and $17800 cash for similar equipment. The book value and the fair value of the old equipment were $81,400 and $90100,
Alamos Co. exchanged equipment and $17800 cash for similar equipment. The book value and the fair value of the old equipment were $81,400 and $90100, respectively Assuming that the exchange lacks commercial substance. Alamos would record a gain/loss) of 0128 21 Multiple Choice $0 $8700) $ 8700 $26,500
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